Think of the word homestead and pioneering families heading west to settle the land likely come to mind. But in real estate, the word has a different meaning. A homestead is your primary residence, which in many states is given an exemption from a portion of property taxes, or is even shielded from some liability.
Category: Real Estate Tax
Get The Legal Help You Need
With the end of the year rolling around, now is the time to set yourself up for a Florida homestead exemption for the next tax year. Starting next year, this exemption gives permanent residents a deduction of $50,000 from your home’s assessed value, as well as qualifying you for additional benefits. If you have lived